MCHS vs. MKOR

Last updated Aug 2, 2026

MCHS (Matthews China Discovery Active ETF) and MKOR (Matthews Korea Active ETF) are both exchange-traded funds - MCHS is a China Equities fund actively managed by Matthews, while MKOR is a South Korea Equities fund actively managed by Matthews. Both are actively managed. Over the past year, MCHS returned 36.95% vs 103.69% for MKOR. Their 0.40 correlation means their historical movements had little consistent relationship. MCHS charges 0.89%/yr vs 0.79%/yr for MKOR.

Performance

MCHS vs. MKOR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews China Discovery Active ETF (MCHS) and Matthews Korea Active ETF (MKOR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MCHS achieves a 23.90% return, which is significantly lower than MKOR's 55.62% return.

MCHS

• 1D: 1.71%
• 1M: -14.97%
• 6M: 11.94%
• YTD: 23.90%
• 1Y: 36.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.01%

MKOR

• 1D: -0.76%
• 1M: -12.41%
• 6M: 23.47%
• YTD: 55.62%
• 1Y: 103.69%
• 3Y*: 29.91%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 29.17%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MCHS Matthews China Discovery Active ETF	$339.44K	$914.40K	$775.38K
MKOR Matthews Korea Active ETF	$718.06K	$1.21M	$1.53M

MCHS vs. MKOR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MCHS Matthews China Discovery Active ETF	23.90%	31.19%	6.53%
MKOR Matthews Korea Active ETF	55.62%	70.33%	-12.33%

Correlation

The correlation between MCHS and MKOR is 0.44, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.44
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.40

MCHS vs. MKOR - Sectors Allocation Comparison

Sectors	MCHS	MKOR
Technology	49.5%	51.5%
Industrials	29.1%	24.6%
Basic Materials	8.7%	1.4%
Energy	5.2%	0.7%
Consumer Cyclical	4.3%	6.8%
Healthcare	2.1%	1.6%
Utilities	2.1%	0.6%
Communication Services	1.2%	2.4%
Real Estate	1.2%	-
Consumer Defensive	0.8%	1.7%
Financial Services	-	10.1%

Return for Risk

MCHS vs. MKOR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MCHS

MCHS Risk / Return Rank: 46
MCHS Sharpe Ratio Rank: 47
MCHS Sortino Ratio Rank: 45
MCHS Omega Ratio Rank: 50
MCHS Calmar Ratio Rank: 40
MCHS Martin Ratio Rank: 46

MKOR

MKOR Risk / Return Rank: 85
MKOR Sharpe Ratio Rank: 89
MKOR Sortino Ratio Rank: 80
MKOR Omega Ratio Rank: 83
MKOR Calmar Ratio Rank: 86
MKOR Martin Ratio Rank: 86

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MCHS vs. MKOR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews China Discovery Active ETF (MCHS) and Matthews Korea Active ETF (MKOR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MCHS	MKOR	Difference
Sharpe ratio: Return per unit of total volatility	1.18	2.17	-0.99
Sortino ratio: Return per unit of downside risk	1.65	2.59	-0.94
Omega ratio: Gain probability vs. loss probability	1.23	1.35	-0.13
Calmar ratio: Return relative to maximum drawdown	1.43	3.34	-1.91
Martin ratio: Return relative to average drawdown	5.25	12.22	-6.97

MCHS vs. MKOR - Sharpe Ratio Comparison

The current MCHS Sharpe Ratio is 1.18, which is lower than the MKOR Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of MCHS and MKOR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MCHS vs. MKOR - Drawdown Comparison

The maximum MCHS drawdown since its inception was -24.83%, smaller than the maximum MKOR drawdown of -29.42%. Use the drawdown chart below to compare losses from any high point for MCHS and MKOR.

Drawdown Indicators

	MCHS	MKOR	Difference
Max Drawdown Largest peak-to-trough decline	-24.83%	-29.42%	+4.59%
Max Drawdown (1Y) Largest decline over 1 year	-24.83%	-29.42%	+4.59%
Max Drawdown (3Y) Largest decline over 3 years	—	-29.42%	—
Current Drawdown Current decline from peak	-23.54%	-24.50%	+0.96%
Average Drawdown Average peak-to-trough decline	-7.79%	-6.64%	-1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.72%	8.02%	-1.30%

Volatility

MCHS vs. MKOR - Volatility Comparison

Matthews China Discovery Active ETF (MCHS) and Matthews Korea Active ETF (MKOR) have volatilities of 15.69% and 16.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MCHS	MKOR	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.69%	16.44%	-0.75%
Volatility (6M) Calculated over the trailing 6-month period	27.18%	42.19%	-15.01%
Volatility (1Y) Calculated over the trailing 1-year period	29.98%	45.23%	-15.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.25%	30.56%	-0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.25%	30.56%	-0.31%

MCHS vs. MKOR - Expense Ratio Comparison

MCHS has a 0.89% expense ratio, which is higher than MKOR's 0.79% expense ratio.

Dividends

MCHS vs. MKOR - Dividend Comparison

MCHS's dividend yield for the trailing twelve months is around 2.88%, more than MKOR's 1.69% yield.

Position	TTM	2025	2024
MCHS Matthews China Discovery Active ETF	2.88%	3.56%	5.48%
MKOR Matthews Korea Active ETF	1.69%	2.62%	5.28%

Frequently Asked Questions

Can I hold both MCHS and MKOR in my portfolio?

MCHS and MKOR have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MCHS or MKOR?

MKOR has higher volatility (16.44%) compared to MCHS (15.69%). In terms of maximum drawdown, MCHS dropped -24.83% vs MKOR's -29.42%.

Which ETF is better, MCHS or MKOR?

On 1-year performance, MKOR leads with 103.69% vs 36.95% for MCHS. On fees, MKOR is cheaper at 0.79% per year. On volatility, MCHS has been the lower-risk option at 15.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MCHS or MKOR?

Over the 1-year period, MKOR has performed better with a 103.69% return vs 36.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MCHS or MKOR?

MKOR is cheaper with a 0.79% expense ratio, compared with 0.89% for MCHS.

Which ETF pays a higher dividend yield, MCHS or MKOR?

MCHS has the higher dividend yield at 2.88%, compared with 1.69% for MKOR.

What is the main difference between MCHS and MKOR?

MCHS is categorized as China Equities, while MKOR is South Korea Equities. Their fees differ too: 0.89% for MCHS and 0.79% for MKOR.

Which has better risk-adjusted returns?

MKOR currently has the higher Sharpe Ratio (2.17 vs 1.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.